bitcoin cannot replace currency in the world because price is not stable.
currency should be more stable.
you may reply me. currency is not stable also but you should think
USD currency price is up and down 1-2% in 1 month.
bitcoin price is up and down 20% in 1 month.
what will people think if they just change USD to bitcoin then their money down 10% in 10 minutes?
bitcoin can become stock but cannot become currency
Hi there facenew111, your opinion could be true but not most all of it. First, I agree with you that the price of bitcoin is not stable but it is not the reason why companies prefer usd rather than bitcoins. Let say you want to send money in the across the globe using money transfer company, they charged from 5-10% and could be transfer for about 10 mins to an hour. If it is bitcoins, those fees and speed could be much cheaper and faster, transaction fees nowadays in my wallet of choice range below 1%. so that is a huge cut cost.